Go Back   LegalMatch Free Legal Advice Forums > Bankruptcy Law, Banking and Credit Law Forum > Bankruptcy
FAQ Members List Calendar Search Today's Posts Mark Forums Read

Find a Lawyer Now By Category:
Family & Divorce Criminal Defense Job & Employment Personal Injury LegalMatch on Facebook
  Real Estate Lawyers Immigration Business Lawyers Other Lawyers LegalMatch on Twitter
LegalMatch is Fast, Free and Confidential
Reply
 
LinkBack Thread Tools Display Modes
Old 02-05-2012, 03:26 PM   #1 (permalink)
Junior Member
 
Join Date: Feb 2012
Posts: 2
Time Limit on Chap 7 Bankruptcy

My mom, a Florida resident, has gotten into a situation where she can either file Chapter 7 Bankruptcy, sell her house short-sale, or go into forclosure.

A lawyer she talked to said Chapter 7 might be the best option since she could walk away from the house and it would clear all her debts. How long would my mom have between officially filing for bankruptcy and having to leave the house?
GiantSquid is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Old 06-13-2012, 06:26 AM   #2 (permalink)
Junior Member
 
Join Date: Jun 2012
Location: Santa Ana, CA
Posts: 15
If you have paid, provided the documents and taken the credit counselling course an attorne will take atleast 8 days to file for bankruptcy.
Jimhassel is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Old 06-24-2013, 12:21 AM   #3 (permalink)
Junior Member
 
Join Date: Jun 2013
Posts: 2
Time Limit on Chap 7 Bankruptcy

As I know, it will take 3 to 6 month time to complete discharge after filing bankruptcy.
You can get an automatic stay from the court on the same day when you file your official bankruptcy petition.
After a month of filling bankruptcy you must attend creditor 341 Meeting.
You have to take Credit Counseling Course before bankruptcy in final stage.
The last Discharge from Bankruptcy in 3 to 6 Months. you must have to collect discharging papers issued by court.

Last edited by tomodell23; 06-29-2013 at 09:07 AM.
tomodell23 is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Old 08-15-2013, 09:04 AM   #4 (permalink)
Member
 
Join Date: Sep 2012
Posts: 92
She should be able to stay in her house while the Bankruptcy process takes place and as the poster above suggested it would probably take 3-6 months.

However, one thing I have seen all to often is a bank not properly foreclosing on individuals who declare bankruptcy and living them on title. In my work we call these zombie foreclosures explained here Zombie foreclosures: Borrowers hit with debts that won't die - Feb. 20, 2013

These can go very badly for the record owner whose property becomes squatter occupied and they can face liability. So if she declares bankruptcy be sure she gets removed as record owner of the property.

Additionally here is an article explaining the automatic stay and foreclosure process http://www.legalmatch.com/law-librar...-hearings.html
rgriff is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On




All times are GMT -7. The time now is 05:13 PM.


Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.1.0
Copyright ©1999-2008 LegalMatch. All rights reserved. LegalMatch®, the LegalMatch
logo, and the tradedress are trademarks of LegalMatch. Patents Pending.